Aperam S.a. · EURONEXT:APAM
Aperam — Merger or Acquisition (December 2021)
8 slides from Aperam's merger presentation, Dec 27, 2021
Slide 1: Aperam completes acquisition of ELG
APERAM completes acquisition of ELG Placing the circular economy at the core of Aperam’s growth strategy 27 December 2021
Slide 2: Disclaimer: Forward Looking Statements
DISCLAIMER Forward Looking Statements This document may contain forward-looking information and statements about Aperam SA and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with
Slide 3: Strategic Rationale: A Compelling Combination
STRATEGIC RATIONALE A Compelling Combination that enables Lower Cost, Environmental Improvement & Growth Synergies of EUR24m pa identified + additional Defends Aperam’s Cost Leadership Position 1 potential to be identified Drives our Environmental Ambition Facilitates even higher use of recycled mat
Slide 4: Financial Rationale: Attractive Price, High Synergies, Growth Opportunities
Financial Rationale Attractive Price, High Synergies, Growth Opportunities Forecasted Forecasted 4.5x €357m ~EUR1.96bn ~EUR65m EV/EBITDA Enterprise sales adj. EBITDA incl Value2 in 2021 In 20211 synergies3 Min. exp. Min. ~1.2mt ~EUR50m ~32kt EUR24m 100% Stainless Bargain Super alloys Synergies Recyc
Slide 5: ELG Footprint
ELG FOOTPRINT Global Franchise Adds Diversification and new areas for growth to the benefit of suppliers & customers Stainless steel Superalloys Global OEM Suppliers Industrial Σ = >4000 “new” scrap network Reclaimed Trusted “old” scrap recycling partner of global aerospace players Quality Service L
Slide 6: New Recycling Segment Represents Aperam's Position
NEW APERAM GROUP REPORTING New Recycling Segment Represents Aperam‘s Position at the Core of the EU Circular Economy Stainless & Electrical Services & Solutions Alloys & Specialties Recycling Europe S. America Stainless Recycling: Plants: Plants: Global locations: Plants: • Chatelet (BEL) • Timoteo
Slide 7: ELG Consolidation: Bargain Acquisition allows Badwill Gain
ELG CONSOLIDATION Bargain Acquisition allows Badwill Gain Raw material price drives NWC in 2021 ELG HIST. LOCKED BOX STAINLESS STEEL PROFITABILITY AGREEMENT SCRAP2 31.12.2020 Aperam = economic owner Fixed EV: EUR357m1 scrap price increase & slight volume growth Est. NWC: +EUR190m +53% 27.12.2021 Ape
Slide 8: Aperam ESG Footprint
APERAM ESG FOOTPRINT ~30% of Aperam’s Workforce will Create Value from Working in Renewables and Recycling Upstream ESG Leadership Stakeholder SCRAP DUST & DUST & Value RECYCLING RESIDUES RESIDUES RECYCLING RECYCLING Cost Benefit & Growth 8